September 2023 Auditied Canceled Ticket Sales Ticket Sales are booked over the internet and an entry is made debiting

2024 Auditing Canceled Ticket Sales Assignment Help

Auditied Canceled Ticket Sales Ticket Sales are booked over the internet and an entry is made debiting 2023

Auditied Canceled Ticket Sales · Ticket Sales are “booked” over the internet and an entry is made debiting a receivable account (from the credit card) and crediting sales. · When a ticket is canceled, the only entry made is to a database that maintains specific seat availability. · Customers are emailed a “Cancellation Form” when this occurs. · No accounting journal entry is recorded, and no refund occurs until the customer requests (in writing) a refund. · If the customer never requests the refund, the receivable is billed to the credit card and collected. · After it is billed to the credit card, many customers complain and are given a refund, and then an accompanying journal entry is made for the cancellation. · After analyzing the “Canceled Form”, you note that it says nothing about requiring a written cancellation for a refund. · The internal controller responded to your inquiry about the policy of requiring a written request for a refund by indicating that the policy is presented on the website’s “business policies and procedures” section. · The controller says that in total about two-thirds of the customers ask for and receive refunds, while one-third do not. · The CPA’s attorneys say that while it is probably a questionable policy, they are unable to say it is illegal—in fact, it probably is not. Is this a significant deficiency and should it be reported to the audit committee? Should it be reported elsewhere? Where? How? What impact should this policy have on the audit?

#write essay #research paper #blog writing #article writing #academic writer #reflective paper #essay pro #types of essays #write my essay #reflective essay #paper writer #essay writing service #essay writer free #essay helper #write my paper #assignment writer #write my essay for me #write an essay for me #uk essay #thesis writer #dissertation writing services #writing a research paper #academic essay #dissertation help #easy essay #do my essay #paper writing service #buy essay #essay writing help #essay service #dissertation writing #online essay writer #write my paper for me #types of essay writing #essay writing website #write my essay for free #reflective report #type my essay #thesis writing services #write paper for me #research paper writing service #essay paper #professional essay writers #write my essay online #essay help online #write my research paper #dissertation writing help #websites that write papers for you for free #write my essay for me cheap #pay someone to write my paper #pay someone to write my research paper #Essaywriting #Academicwriting #Assignmenthelp #Nursingassignment #Nursinghomework #Psychologyassignment #Physicsassignment #Philosophyassignment #Religionassignment #History #Writing #writingtips #Students #universityassignment #onlinewriting #savvyessaywriters #onlineprowriters #assignmentcollection #excelsiorwriters #writinghub #study #exclusivewritings #myassignmentgeek #expertwriters #art #transcription #grammer #college #highschool #StudentsHelpingStudents #studentshirt #StudentShoe #StudentShoes #studentshoponline #studentshopping #studentshouse #StudentShoutout #studentshowcase2017 #StudentsHub #studentsieuczy #StudentsIn #studentsinberlin #studentsinbusiness #StudentsInDubai #studentsininternational